tax

Update news tax

There are positive signs being seen after the completion of the policy and tax administration framework in the field of cross-border e-commerce.

Tax system reform strategy to 2030 approved

Deputy Prime Minister Le Minh Khai has approved reforms to the tax system.

Vietnam to increase excise taxes on tobacco, alcohol products

According to the Decision No. 508/D-TTg approving the Strategy for Tax System Reform to 2030 signed by Deputy Prime Minister Le Linh Khai, Vietnam will have a road map to increase excise taxes on tobacco, and alcohol products.

High real estate tax not an effective solution: experts

While some experts suggest tax measures can help stabilise the property market in the short term, some say the current tax is not enough to...

Vietnam opens online tax payment portal to prevent huge losses from e-commerce

Cross-border platforms (such as Google, Facebook, Netflix) and foreign suppliers can register and pay taxes online through etaxvn.gdt.gov.vn.

Over 1,800 billion VND in taxes collected from activities on Google, Facebook, YouTube

Key tasks of the General Department of Taxation in 2021 include tax management and tax collection from online business activities, and from individuals and businesses with revenue generated from Facebook, Google and YouTube.

Hanoi woman earns over $14 million from writing apps for Google and Apple

A 29-year-old Hanoi woman earned VND30 billion (nearly $14.5 million) a year by writing software for Google Play and App Store, paying tax of VND23.4 billion (over $1 million).

E-commerce platforms to be connected with tax agencies from next year

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

Tax authorities at a loss over collecting dues from online business

Despite progressively stricter regulations by tax collectors, individuals running business via online platforms are always a step ahead finding workarounds.

Hanoi wants to tax abandoned villas

Hanoi has proposed to the Ministry of Finance the imposition of a tax or fine on owners of half-finished and abandoned townhouses and villas which were causing considerable waste of land resources.

Taxing unoccupied villas: one solution for creating fair housing market

A reasonable taxation policy is expected to help settle several problems, including excessive investment in high-end apartment and villa projects, and speculation buying.

 

Finance Ministry considering easing tax burden on individual landlords

The General Department of Taxation under the Ministry of Finance is studying a proposal on increasing the threshold of taxable revenue for individual landlords renting out houses.

VN online travel agencies plan to "move" to Singapore to 'avoid tax'

Many domestic online travel agencies (OTAs) have plans to register their businesses in countries like Singapore to avoid tax obligations, which will help them compete on price with foreign OTAs.

HCM City taxman wants to tax apartments for lease

The HCMC Tax Department has proposed piloting a plan to tax apartments for lease in five residential blocks in District 11.

Tax body to verify information about mutant orchids worth billions of VND

"Unusual fever" for mutant orchids has spread from the northern provinces of Quang Ninh, Son La, Hoa Binh to the Central Highlands. 

Vietnamese YouTubers in tumult about Google’s notice about 30% withholding tax

Vietnamese YouTube content creators are unhappy about an announcement from Google about a deduction of up to 30 percent from their earnings from the platform.

Tax revenue from Google, Youtube, Facebook reaches $49.5 million in 2020

Tax revenues from online advertising business models of foreign organisations that do not have legal entities in Vietnam like Google, YouTube or Facebook hit VND1.14 trillion ($49.5 million) last year.

End of the game nigh for online tax dodgers

The age of unfettered freedom for online business and vendors is coming to a close as Vietnamese authorities are building policies to better trace these activities and collect the state’s due.

Cross-border taxation to bolster national budget

Collecting tax from cross-border platforms as well as people profiting from them is the government’s leading mission in 2021.

New tax policy for ride-hailing services sets off storm

Earlier this month the Government’s amendment of tax regulations for ride-hailing services, which increases the tax they actually pay, was a topic of hot debate in the media.